Rupee outperforms Asian peers in November so far
Business Standard|November 18, 2024
RBI intervention has focused on limiting two-way volatility in USD-INR, rather than defending a level. From October to November 8, RBI has net sold $15.5 billion to smoothen the pace of depreciation in the rupee,

"After the US election, dollar strength has endured, as the Trump administration policies are expected to be inflationary with higher tariffs and wider fiscal deficit. The market has priced in much of the potential policy changes with the Fed rate cut cycle expected to be shallower," Sen Gupta said.

"" she added.

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